BP and Shell to make £5bn from oil crisis

Shell and BP are set to earn an extra £5bn in profit this year as conflict in the Gulf sends the price of oil surging. While the two British energy giants face a hit from disruption in the Middle East ...
AOL

After denying reports of BP takeover, Shell is legally barred from making an offer for six months—and there are no other suitors in sight

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six months ...
Seeking Alpha

Shell And BP: Is This The Energy Sector's Big Breakout Or Just More Noise?

Shell plc is a textbook Hold: fair valuation, solid buybacks, and a decent dividend, but no major upside or hidden value from BP p.l.c. merger rumors. Both Shell and BP are prioritizing cash flow, ...
Money Morning

Shell and BP: Could a Blockbuster Oil Deal Reshape the Industry Despite the Denial?

The Wall Street Journal reported yesterday that Shell (SHEL) was in early-stage talks to acquire BP (BP), a deal that could be the largest oil merger in a generation, potentially surpassing ExxonMobil ...
Reuters

Shell’s BP time-out is a blessing in disguise

LONDON, June 26 (Reuters Breakingviews) - Wael Sawan can take a breather on BP (BP.L), opens new tab, at least for a bit. The boss of $207 billion UK oil major Shell (SHEL.L), opens new tab on ...
Seeking Alpha

Shell issues statement denying BP takeover talks; U.K. rule bans bid for six months

Shell (NYSE:SHEL) +2.5% pre-market Thursday after issuing a statement that it has not engaged in talks with rival BP (NYSE:BP) and is not planning a takeover offer, in a firm denial of the previous ...
Nasdaq

Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code. According to the company, no talks ...
Morningstar

BP's stock jumps on Wall Street Journal report of Shell deal talks. Here's how the deal could work.

A recent attempt by BP to shift its strategy to focus more on oil and gas production over renewables was not warmly greeted by investors BP's stock rallied on Wednesday, and shares of Shell fell, ...

BP Seeks at Least $3.7 Billion From Venture Global Arbitration, Filing Says

The International Chamber of Commerce (ICC) International Court of Arbitration found that Venture Global breached its ...
Benzinga.com

BP And Shell See New Opportunities In Libya's Oil Fields

BP will evaluate hydrocarbon prospects in Messla and Sarir as it reopens Tripoli office by late 2025. Shell will conduct feasibility studies on Libyan oil fields fully owned by the National Oil ...
Benzinga.com

Shell Squashes BP Takeover Rumors, Hits Six-Month Ban

Shell plc (NYSE:SHEL) has issued a statement addressing recent media speculation about a potential deal to acquire BP plc (NYSE:BP). “Shell wishes to clarify that it has not been actively considering ...
E&E

What Shell-BP megadeal rumblings mean for oil and gas

Shell said it’s not trying to buy its British rival, but changing conditions at BP keep fueling speculation that a tie-up is possible. Talk of a possible megadeal rippled through the oil industry ...